Federal National Commercial Credit (FNCC) has closed four new credit facilities totaling $11.5 million.

Outlined below are brief descriptions of the deals:

  • A $4 million asset-based line of credit was provided for an engineering and communication services company located in the Northeast region.
  • A $1 million asset-based line of credit was provided for an aerospace engineering firm located in the Southeast region.
  • A $500,000 factoring line was provided for an IT and security services company locating in the Western region.
  • A $6 million asset-based line of credit was provided for a computer programing firm located in the Southeast region.

    • FNCC provides working capital financing for small and medium-sized sized businesses in a wide range of industries. Since 1992, FNCC has provided financing solutions for companies that are in transition due to growth or have the need to find alternative financing.